The Caspian Sea has been the focus of states and peoples in and out of the area for the last decade. The surrounding states are interested in getting a decent share of the lake's resources. The industrial states are interested in taking the oil, gas and other natural wealth of the Caspian Sea to world markets as soon as possible. The populations of the littoral states, which are all ruled by undemocratic regimes, are concerned with whether their governments will retain their just rights in the Caspian Sea. They realise that the highest priority for their current rulers is to keep their grip on power, not their nation's present or future interests. How have the respective governments in Azerbaijan, the Federation of Russia, Kazakhstan, Turkmenistan, and especially, Iran, thought and acted in regard to the situation of the Caspian Sea and their interests? The issue has a special reference to Iran because it is experiencing a terrible situation in regard to the Caspian Sea due to the poor management of its foreign policy and international relations. Iran will end up with the smallest share of the Caspian Sea, whether it likes it or not. This is a serious setback for a country that once shared the Caspian Sea with the former Soviet Union. Iran's mismanagement of its Caspian Sea rights is a political and diplomatic lesson in what not to do. This book gives everyone, even those without legal or political backgrounds in this issue, an opportunity to survey the facts and history; and to analyse the legal and political realities of the present political situation of the world's largest lake.